Recently, several hedge funds and institutional investors changed their positions in Royal Caribbean Cruises. Unique Wealth Strategies LLC bought a new stake worth about $27,000. Versant Capital Management Inc increased their holdings by 905.3%, now owning 191 shares valued at $30,000 after acquiring 172 more shares. Scarborough Advisors LLC also invested, acquiring shares worth $26,000. AlphaMark Advisors LLC raised their stake by 233.3%, now holding 200 shares valued at $32,000 after adding 140 shares. Creekmur Asset Management LLC invested around $30,000 in the fourth quarter. Overall, institutional investors own 87.53% of the company.
Analyst Predictions
Several analysts have recently updated their ratings on RCL shares:
– Truist Financial raised their target price from $175.00 to $204.00 with a buy rating.
– Macquarie increased their target from $165.00 to $189.00 and rated it outperform.
– UBS raised their target from $168.00 to $183.00 with a buy rating.
– Goldman Sachs increased their price target from $170.00 to $195.00 and rated it buy.
– Tigress Financial raised it to $210.00 with a buy rating.
Currently, 3 analysts suggest holding the stock, while 14 recommend buying. The average consensus rating is Moderate Buy with a target price of $187.19.
Get Our Latest Analysis on Royal Caribbean Cruises
Insider Activity
On August 2nd, CFO Naftali Holtz purchased 5,350 shares at $140.00 each, totaling $749,000. Now, he owns 48,256 shares valued at about $6.76 million. Director Vagn O. Sorensen sold 5,800 shares on August 15th at an average of $158.50 for $919,300, leaving him with 25,837 shares worth $4.1 million. Corporate insiders currently own 7.95% of the stock.
Stock Performance
Royal Caribbean Cruises shares opened at $193.03. Key metrics include a 50-day average of $164.72 and a 200-day average of $153.83. The stock has a market cap of $49.68 billion, with a PE ratio of 24.88. Last posted earnings showed an EPS of $3.21, exceeding estimates, with quarterly revenue of $4.10 billionup 16.4% from last year.
Dividend Announcement
The company announced a dividend of $0.40 per share, payable on October 11th to investors on record as of September 20th. The company’s dividend payout ratio is 20.62%.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates worldwide under various brands, including Royal Caribbean International and Celebrity Cruises, managing 65 ships as of February 2024.
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